Hedge Fund News From HedgeCo.Net

Top House Tax Writer Kevin Brady: Effectively Closing the Loophole for Hedge Funds

(CNBC) House Ways and Means Committee Chairman Kevin Brady told CNBC that he plans to add on Monday an increase to the holding period on carried interest contained in the Republican tax bill, effectively closing a loophole that’s been exploited by hedge funds by making it less profitable to exercise.

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